2016 Financial Highlights

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2016 Financial Highlights

NVC Foundation’s donations are heart-led, many of them small in terms of the material world, coming in denominations of three to five digits. Collectively, these donations have supported NVC’s endeavors as it continues to build “heart prints” wherever it goes. Here in a nutshell is a picture of how NVC’s love delivers.

Statement of Operations

For the year ended December 31, 2016

2016
IncomePhp 13,594,528
Expenses
   Project Expenses10,025,176
   Administrative Expenses2,371,070
Total Expenses12,396,246
Excess of income over expenses Php 1,198,282

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Statements of Financial Position

As of December 31, 2016

2016
ASSETS
Current Assets
   Cash and cash equivalentsPhp 4,736,570
   Project receivables4,142,388
   lnventories2,935,579
Total current assets11,814,537
Noncurrent Assets
   Property and equipment, net4,442,906
   Intangible asset, net33,683
   Other noncurrent assets244,199
Total noncurrent assets4,720,788
TOTAL ASSETSPhp 16,535,325
LIABILITY AND FUND BALANCE
Current liability
   Accruals and government laibilitiesPhp 136,205
Fund balance16,399,120
TOTAL LIABILITY AND FUND BALANCEPhp 16,535,325

From the report of independent auditors Roxas Cruz Tagle and Co. (formerly Alba, Romeo and Co.)

NVC Foundation Annual Report

Jan 2016–Jul 2017